Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    SE Hondo Ct, Unit 95 Prineville, OR 97754

    Sponsored
    For Sale
    $114,500

    LAND - Prineville, OR

    Lot size:
    5.89 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 4 at 9:06 pm

    Property Features for SE Hondo Ct

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    018321
    Lot size
    5.89 Acres

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Perc Test On File, Septic Needed
    Water source
    Well

    We can help!

    Listing Contact
    Sue Ann Lockhart
    Sue Ann Lockhart

    Coldwell Banker Sun Country Realty, Inc. (541) 447-4433

    Listing agent Sue Ann Lockhart (541) 447-4433

    Listing date Feb 28, 2026

    MLS# 201510608

    Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prineville Land with Open Spaces

    This 5.89-acre lot is located in phase II of Longhorn Ridge, a gated community offering wide open spaces and views. The community features miles of winding paved roads and adjacent BLM/State land suitable for walking, bicycling, and jogging. Power is available, and the lot has septic approval and access to shared wells. Located minutes from Prineville Reservoir, Crooked River fly fishing, golfing, and Mt Bachelor skiing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Prineville
    County
    Crook
    State
    Oregon
    Longitude
    -120.801507
    Latitude
    44.198211

    Nearby Similar for Sale

    • $475,000
      3,622 SF

      Prineville Commercial Building For Sale

      3,622 sqft commercial building in downtown Prineville, Oregon.
      430 NW 4Th St, Prineville, OR 97754
      View Details
    • $650,000
      0.16 Acres

      Downtown Corner Commercial Building

      Prime downtown Prineville corner with flexible commercial space.
      103 NW 3Rd St, Prineville, OR 97754
      View Details
    • $1,090,000
      0.21 Acres

      Downtown Prineville Multi-Tenant Office Building

      Multi-tenant office building in downtown Prineville, fully leased.
      267 NE 2Nd St, Prineville, OR 97754
      View Details
    • $475,000
      0.29 Acres

      Prineville Commercial Building For Sale

      Commercial building in downtown Prineville with multiple entrances and parking.
      430 NW 4Th St, Prineville, OR 97754
      View Details
    • $699,000
      Pending

      Prineville Triplex Investment Opportunity

      Triplex with three spacious units, great investment potential.
      1000 10Th St, Prineville, OR 97754
      View Details
    • $650,000
      3,000 SF

      Prineville Commercial Building on Highway

      Well-maintained 3,000 sqft commercial building with excellent visibility and access.
      862 NW 3Rd St, Prineville, OR 97754
      View Details
    • $599,000
      2,684 SF

      Income-Producing Triplex with Garage/Shop

      Cash-flowing triplex with diversified rental income streams and room for growth.
      646 NE Court St, Prineville, OR 97754
      View Details
    • $599,000
      2,512 SF

      Income-Producing Triplex in Prineville, OR

      Cash-flowing triplex with established tenants and strong income potential.
      646 NE Court St, Prineville, OR 97754
      View Details
    • $385,000
      1,740 SF

      Downtown Prineville Retail/Office Opportunity

      Versatile 1,740 sq ft building in Prineville's vibrant downtown.
      250 NE 3Rd St, Prineville, OR 97754
      View Details
    • $3,000,000
      2,400 SF

      Six Well-Maintained Duplexes Portfolio

      Block of six duplexes, 12 doors, 100% occupied, professionally managed.
      1147 SW Tee Ln, Prineville, OR 97754
      View Details
    • $650,000
      0.18 Acres

      Commercial Building on US Hwy 26

      3,000 sqft commercial building in growing Prineville community.
      862 NW 3Rd St, Prineville, OR 97754
      View Details
    • $385,000
      0.07 Acres

      Downtown Prineville Retail/Office Opportunity

      Versatile 1,740 sq ft building in Prineville's vibrant downtown.
      250 NE 3Rd St, Prineville, OR 97754
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5+ acre lot in gated community with beautiful views.
    Where is this residential land & home lot located?
    The property is located at SE Hondo Ct, Unit 95 Prineville, OR.
    What is the asking price?
    The asking price for this property is $114,500.
    What are key features of this property?
    This property features: - 5+ acre home site in a gated community; - Proximity to Prineville Reservoir, Crooked River, and Mt Bachelor; - Power available, septic approval & shared wells
    (541) 447-4433
    Request Owner's contact information
    SE Hondo Ct, Unit 95 Prineville, OR 97754
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    SE Hondo Ct, Unit 95
    Prineville, OR 97754
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    SE Hondo Ct, Unit 95 Prineville, OR 97754
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sue Ann Lockhart
    Sue Ann Lockhart
    Real Estate License ID: 200504552
    (541) 447-4433 (541) 280-7111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!